The major banks have been buying up Treasury's debt. When they start to grant loans on those notes, we are in for big inflation. Go into debt now, and pay back with cheaper dollars.
One person's crash is another person's glorious buying opportunity. In my 45 year career in the oil patch the two worst crashes that I lived through were the 25% interest rates of the early 1980s and the catastrophic crash in commodity prices in 1997/1998. Saudi Light at $7.70. WTI at $10. Nat gas at barely 75 cents/gig delivered to the trunk line. Those prices still send shivers up and down my spine. I had many sleepless nights in 1998 when I started buying oil leases at a dime on the dollar from desperate sellers.
Seriously, after everything the economy has been through the last 6 years, the only way I think we would get a crash now is if the President were to appoint txtittyfan as his Treasury Secretary.
I still don't think we'll crash, but the market is having a bit of trouble lately. I wonder if jester214 is ready to apologize now for making fun of people who went mostly into cash before this and otherwise decided to be cautious.
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Turned out OK for me when I sold out in 2009.
I still don't think we'll crash, but the market is having a bit of trouble lately. I wonder if jester214 is ready to apologize now for making fun of people who went mostly into cash before this and otherwise decided to be cautious.